The Public Procurement and Property Disposal Service (PPPDS) awarded Promising International Trading Co. Dmcc – a major supplier of wheat to the Ethiopia market – to supply 200,000 metric tons of wheat with 1.56 billion birr even though the former accuses the Company for failing to fulfill previous contract to supply wheat, The Reporter has learnt.
The Development Bank of Ethiopia (DBE), the mammoth state-owned development banker, has reported a marginal increase in its net profit as its nonperforming loans (NPLs) basket reaches a historical high of 40 percent, The Reporter has learnt.
In a bid to satisfy the growing demand for aircraft maintenance services in Africa, Ethiopian Maintenance Repair and Overhaul (MRO) is planning to open service centers in West and Southern Africa countries.
Launching the annual series of Trade and Development Report, an official with the United Nations Conference on Trade and Development (UNTCAD) underscored the likelihood of Ethiopia to feel the heavy hand of the ongoing global trade war initiated by the aggressive policies of US president Donald Trump against Chinese goods and exports.
Be where your customers are. That is the most important rule in the world of commerce. But what if the customers are increasingly flowing from the physical world into the online world? Will the traders follow them there? What happens to those who do not?
Noah Real-estate, one of the leading builders in the capital, is set to introduce landmark mortgage-backed housing units to buyers, it was learnt. The company is to team-up with two local banks that will in return offer mortgage loans for homes extended to a period of twenty years paid through a monthly instalment payment system.
Months of delays and failure to finalize the national wheat purchase procedure in time have added up to 115 million birr in avoidable cost to the price of wheat which Public Procurement and Property Disposal Service (PPPDS) has planned to procure form the international market, The Reporter has learnt.
The Food, Medicine & Health Care Administration Agency (FMHCAA) has decided to shut down a food complex in Mekelle, the capital of the Tigray Regional State, on the grounds of producing and selling substandard pasta and macaroni products to consumers, The Reporter has learnt.